Balrampur Chini Mills, which is the second largest sugar firm of the country, has announced the buyback of equity shares worth Rs 175 crore through tender offer.

The company has said in a BSE filing that it will buyback one crore equity shares at a face value of Rs 1 each from the equity shareholders on a proportionate basis.

The buyback of equity shares would be done via a tender offer route at a price of Rs 175 per share payable in cash.

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